Bangladesh garment makers are now adding more value to their products as is evident from the data of the country’s central bank, which maintained value addition in the readymade garment sector has reached 62.78 percent during the second quarter (October-December) of the current fiscal 2022-23, making a significant improvement of around 11.39 percentage points over the previous quarter.
Media reports underlined this even if citing data of the Bangladesh Bank they claimed that during the October-December quarter, raw materials’ import value was around US $ 4.11 billion, which accounted for around 32.31 percent of total apparel export earnings.
Consequently, the net exports from this sector reportedly stood at over US $ 8.61 billion, which is reportedly 62.79 percent higher than the previous quarter even if the same is around 37.43 percent higher than the same quarter of the previous year.
